On July 9, Cummins rose 3.11% in regular trading, trading at $685.99/share with turnover of $94.42 million. The stock rebounded sharply from a 3.26% decline on July 7 when the sector experienced broad weakness.

The recovery was supported by positive industry data released on July 8 showing China excavator sales reached 152,320 units in the first half, up 26.4% year-over-year, with June exports hitting a single-month record of 73,295 units, up 33.5%. This signals robust global demand for construction machinery and heavy equipment, benefiting suppliers like Cummins.

Cummins also continues to benefit from a favorable backdrop including its approximately 2GW natural gas generation order for data center infrastructure, multiple analyst upgrades with price targets ranging from $770 to $874, and raised 2030 financial targets projecting revenue of $45-50 billion with EBITDA margin exceeding 20%.

Within the Construction Machinery & Heavy Trucks sector, Allison Transmission rose 3.23%, Westinghouse Air Brake rose 0.73%, Caterpillar rose 0.15%, PACCAR rose 0.04%, and Oshkosh rose 0.02%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)